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Expenses covered
November 19, 2008
You can take a student loan to finance a range of expenses for your education, including:
Fees payable to the college, school or hostel, including tuition fees
Examination, library and laboratory fees
Purchase of books, equipment, instruments and uniforms
Caution deposit, building fund, refundable deposit supported by the institution's bills or receipts
Travel expenses for studies abroad
Buying computers essential for completion of the course
Any other expenses needed to complete the course, like study tours, project work and theses
Interestingly, State Bank of India loans also covers the cost of two-wheelers -- up to Rs 50,000
Photograph: Jeff J Mitchell/Getty | Image: A banker counting notes
Also see: How to play the markets now
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